Real estate is cyclical… prices go up and down as does supply and demand. This post from several years ago also fits perfectly today: Buyers have to move fast and make some concessions. The small supply of homes on the lower price ranges does not meet demand.
To what lengths will desperate house hunters go to snag the house of their dreams, and what are they most worried about? via Worried Buyers Would Take Desperate Measures in Today’s Sellers’ Market | Trulia Trends. Read on for the whole story.
By far, most buyers would let money do the talking and offer significantly over asking.
- Up their offer above asking
- Pay for some closing costs
- Write a letter to the seller describing what they like/why they want the house
- Get creative to make a 20% downpayment
- Remove contingencies such as the Inspection of Financing Contingency
This is a very interesting time in the housing market for Wisconsin. Great opportunities abound for sellers, especially those looking to move to a more expensive house rather than downsize. Buyers, though prices are rising, will still make out better than buyers who purchased a home with a sky-high interest home loan.
We can help you buy, sell and find that perfect house. Start your search at firstweber.com or download our apps:
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First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Central Wisconsin, Northeast Wisconsin, Western WI, parts of MN, Michigan’s UP and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com